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BRIEF-NIB expects increase in FY16 net profit

Published 04/11/2015, 10:33 am
Updated 04/11/2015, 10:40 am
© Reuters.  BRIEF-NIB expects increase in FY16 net profit
NHF
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Nov 4 (Reuters) - NIB Holdings Ltd NHF.AX :

* 2015 agm presentation and FY 2016 guidance update NHF.AX

* Forecasting FY 2016 consolidated statutory operating profit of $90 million -

$100 million

* Sees FY 2016 underlying operating profit of $102 million - $114 million

* Says NIB options operating loss similar to FY 2015 ($3.8M) with profitability in FY 2017

* Says FY 2015 fully franked ordinary dividends of 11.5 cents per share

* FY 2016 investment income forecast to be lower than FY 2015

* FY 2016 finance costs to be up on FY 2015

* Says ordinary dividend payout ratio 60%-70% of full year npat.

* Source text for Eikon ID:nASX28P4SV

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